Gevo Stock (NASDAQ:GEVO), Trade Ideas

Gevo

Gevo Inc is a renewable chemicals and biofuels company engaged in the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. Its operating segments are the Gevo segment, Renewable Natural Gas Segment, Net-Zero Segment, and the Agri-Energy segment. By its segments, it is involved in research and development activities related to the future production of SAF, commercial opportunities for other renewable hydrocarbon products and isobutanol, including the development of its biocatalysts, and the produces-pipeline quality methane gas captured from dairy cow manure.

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As of the close of business on Tuesday, 7/11, we captured the Top 10 Highest Short Interest % stocks within the Basic Materials sector.

The average short interest for stocks within the Basic Materials sector stands at 2.81%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.

Short Interest Sector Focus: Basic Materials Sector

As of the close of business on Monday, 7/10, we captured the Top 10 Highest Short Interest % stocks within the Basic Materials sector.

The average short interest for stocks within the Basic Materials sector stands at 2.72%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.

Gevo Inc

Macro Economic Events

Economics

Biden Administration To Release Low-Carbon Aviation Fuel Tax Credit Model On Tuesday

UBS analyst Manav Gupta maintains Gevo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) with a Neutral and lowers the price target from $1.36 to $0.85.

Price Target

Analyst Ratings

UBS Maintains Neutral on Gevo, Lowers Price Target to $0.85

HC Wainwright &amp; Co. analyst Amit Dayal reiterates Gevo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) with a Buy and maintains $14 price target.

Reiteration

HC Wainwright & Co. Reiterates Buy on Gevo, Maintains $14 Price Target

Gevo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) reported quarterly losses of $(0.080) per share which missed the analyst consensus estimate of $(0.050) by 60 percent. The company reported quarterly sales of $4.374 million which missed the analyst consensus estimate of $4.424 million by 1.14 percent. This is a 702.57 percent increase over sales of $545.000 thousand the same period last year.

Earnings

Earnings Misses

Gevo Q4 2023 GAAP EPS $(0.080) Misses $(0.050) Estimate, Sales $4.374M Miss $4.424M Estimate

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Earnings Scheduled For March 7, 2024

Guidance

Gevo Expects Non-GAAP Cash EBITDA Of $7M-$16M In 2024

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Gevo shares are trading lower after the company filed for a mixed shelf offering of up to $750 million.

Offerings

Gevo Inc Files For Mixed Shelf Offering Of Up To $750M

Gevo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) issued the following statement regarding the release of the U.S. Department of Treasury's guidance on the 40B sustainable aviation fuel (SAF) tax credit. &nbsp;
"Gevo greatly appreciates the Biden Administration's intent to use the Argonne GREET method and model for sustainable aviation fuel (SAF). Today's guidance is a much-needed step forward for SAF investment and innovation. Designating GREET for the 40B credit sets an accurate, science-based precedent for transparent carbon accounting across the SAF supply chain, from farm fields to the end use of the fuel. The details and certainty matter. Therefore, we look forward to reviewing the complete GREET update upon release to ensure it maintains the data-driven integrity, especially on indirect emissions, necessary to support SAF investment, properly value agriculture's contributions and cut aviation emissions.
We also thank the Administration for its advocacy for climate-smart agriculture and the tools and policies that recognize and account for U.S. farmers' stewardship of the land and contribution to cleaner flight," stated Dr. Patrick Gruber, CEO of Gevo.
SAF with greenhouse gas emissions that are least 50% lower than conventional aviation fuel will qualify for tax credits created by the Inflation Reduction Act (IRA). The current Argonne National Laboratory Greenhouse Gases, Regulated Emissions and Energy use in Technologies (GREET) lifecycle analysis method and model, with its Carbon Calculator for Land Use Change from Biofuels Production (CCLUB) and its Feedstock Carbon Intensity Calculator (FD-CIC) tools, enables more precise measurement of SAF carbon intensity, accurately counting carbon reduction benefits of agricultural feedstocks at the field level.
The Department of Treasury is expected to release a final GREET model that will be used for the tax credit no later than March 1, 2024. We believe science-based methodologies must account for emissions reductions of feedstock production, encompassing climate-smart agriculture, to acknowledge and incentivize carbon reduction efforts across the value chain. A growing market for SAF made from low-carbon feedstocks is expected to open up new markets for American farmers to sell their products.&nbsp;&nbsp;
For more information on the Treasury Department's guidance, visit <a href="https://www.globenewswire.com/Tracker?data=mLm6DinlYuAAh0f0bVVCDqAtBa2xddAuZuSgkMSY8yqOwr6rCPZzN81vtY8x32D9kYpAE3CpMaPl_nKQbAh-8iR33WDS2fNRgr3o777E3o2nzDFr8xNSpNeluEz0CDPgwkNljRe5w2T5mS_8FFFWuV6yHMspBOlMyVsFYkzxc9s=">https://home.treasury.gov/news/press-releases/jy1998</a>, and to learn more about Gevo's focus on carbon accounting, visit <a href="https://www.globenewswire.com/Tracker?data=nlA3JoOwQjmu3rpvSQ0Zibj4xViZYtwXPawJ7nxdMpOpjAWa9foUuTNcXExvuYXXTZ_LMBl_qsySFVHQFiB7mg==">www.gevo.com/ira</a>.

Gevo Issues Statement On Treasury Guidance For SAF Tax Credit; Says "Gevo Greatly Appreciates The Biden Administration's Intent To Use The Argonne GREET Method And Model For Sustainable Aviation Fuel"

UBS analyst Manav Gupta maintains Gevo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) with a Neutral and lowers the price target from $1.5 to $1.36.

UBS Maintains Neutral on Gevo, Lowers Price Target to $1.36

Stifel analyst Derrick Whitfield maintains Gevo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) with a Buy and lowers the price target from $3.6 to $2.2.

Stifel Maintains Buy on Gevo, Lowers Price Target to $2.2

Gevo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) reported its Q3 earnings results on Monday, November 13, 2023 at 04:20 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Gevo missed estimated earnings by 40.0%, reporting an EPS of $-0.07 versus an estimate of $-0.05.
Revenue was up $4.22 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.01 which was followed by a 1.92% increase in the share price the next day.
Here's a look at Gevo's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.05</td>
<td>-0.06</td>
<td>-0.06</td>
<td>-0.07</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.06</td>
<td>-0.07</td>
<td>-0.11</td>
<td>-0.19</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>4.00M</td>
<td>2.81M</td>
<td>1.92M</td>
<td>1.22M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>4.24M</td>
<td>4.06M</td>
<td>545K</td>
<td>309K</td>
</tr>
</tbody>
</table>

To track all earnings releases for Gevo <a href="https://www.benzinga.com/quote/GEVO/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Gevo Q3 Earnings

Gevo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) reported quarterly losses of $(0.07) per share which missed the analyst consensus estimate of $(0.05) by 40 percent. This is a 63.16 percent increase over losses of $(0.19) per share from the same period last year. The company reported quarterly sales of $4.53 million which beat the analyst consensus estimate of $4.10 million by 10.44 percent. This is a 1.37K percent increase over sales of $309.00 thousand the same period last year.

Gevo Q3 EPS $(0.07) Misses $(0.05) Estimate, Sales $4.53M Beat $4.10M Estimate

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Earnings Scheduled For November 13, 2023